What Is Circular Economy And How Does It Work?
Have you heard about circular economy? A present-day buzzword, circular economy outlines a system-focused approach to achieving environmental sustainability. Simply put, circular economy is an upgrade to a traditional linear economy model that focuses on the concept of take, make, and waste. Unfortunately, the time-tested cycle of production and consumption has contributed to overwhelming quantities of waste across the globe. Are you aware of the stats? Let’s read: 1. Two billion tonnes of waste are produced every year 2. India alone generates over 62 million tonnes of waste annually 3. Plastic, electronics, batteries, glass, and food are the biggest contributors of waste to date. In short, waste is a serious problem. Moreover, the rapid influx of industrialisation and technology has worsened the crisis. Hence, it is imperative to reduce waste to an absolute minimum. The question that arises now is how? Clearly, recycling is only half-good in treating and reducing waste by large. W